Global #Bitcoin

Argentine officials have downplayed rumors of the country fully embracing Bitcoin following routine talks with El Salvador on digital asset regulations. The recent discussions sparked speculation after the election of a pro-Bitcoin president, Javier Milei, in late 2023, but experts caution against overstating Argentina's commitment to cryptocurrency.

Binance, the leading cryptocurrency exchange globally, is expanding its trading services significantly. Binance Spot, the primary trading platform, will introduce new trading pairs for major cryptocurrencies such as Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).

Recent reports indicate that issuers of Spot Bitcoin ETFs now possess nearly 5% of the total Bitcoin supply. This achievement highlights the increasing demand and swift growth of Spot BTC ETFs in the market, providing institutional investors with a comparatively low-risk method to obtain Bitcoin.

In the final days of May, Bitcoin (BTC) has kept investors and traders on edge. After reaching a new all-time high of nearly $73,000 in March, it subsequently fell sharply, dipping below $57,000 at one point. Recently, Bitcoin seemed ready to aim for new records again.

Santiment, a market intelligence platform that provides on-chain and social metrics, has identified a growing bullish sentiment among most major cryptocurrencies. Bitcoin and Ethereum are showing signs of approaching their all-time highs (ATH), and large-volume investors, known as whales, are exhibiting market behaviors that align with this positive outlook.

The Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets.